Property profile

3450 3rd St Marion, IA 52302

OFF-MARKET
Office Spaces
Property ID
US25-0551363
16,280 SF 2.85 ac lot Built 2011
Individually Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2011
Total area 16,280 SF
Lot 2.85 ac (124,146 SF)
APN 11-25-4-31-009-0-0000
UPID US25-0551363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Electrical Service General Contractor
  • Production Facility

Location

3450 3rd St Marion, IA 52302-6300
Marion metro Census 208 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.22M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.93M

Owner & transaction history

since 2018
1 recorded transaction
2018
$244,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.8M +79.1%
Auto repair, garage $1.7M +68.7%
Neighborhood: shopping center $1.7M +62.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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